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Lebanon's non-life premiums climb 7%
- Lebanon: Monday, March 11 - 2013 at 06:33
Lebanese lender Byblos Bank Group has said the country's insurance sector has seen reasonable growth in 2012, especially in the non-life field, despite the economic slowdown and regional tensions, The Daily Star has reported. Non-life premiums rose 6.8% to $928.6m in 2012 from $869.6m in the previous year, less than the 7.5% growth recorded in 2011. The slowdown was attributed to the shift in consumers' preferences toward acquiring smaller and cheaper cars, reduced export volumes to Europe due to the Eurozone's ongoing crisis.
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